Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$401,286$401,286$1,057,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$656,214$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.602%7.640%
1st payment$2,666.67$2,666.67$7,321.92
2nd payment$0.00$4,238.05$0.00
Taxes / mo$764.33$764.33$764.33
Insurance / mo$216.67$216.67$216.67
MI / mo$187.29$187.29$211.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,834.96$8,073.01$8,514.42
Cash to close$773,714$117,500$117,500